More cuts.Countrywide Financial Countrywide Financial Corporation (NYSE: CFC) is a diversified financial marketing and service holding company engaged primarily in residential mortgage banking and related businesses. Corp. will eliminate 900 more jobs in an effort to trim costs amid dropping lending volumes and rising defaults. The latest round of job cuts comes less than a month after the nation's largest mortgage lender cut 500 jobs from its Full Spectrum subprime division. The Calabasas-based lender said a majority of the 900 layoffs would be in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). , with additional cuts in Florida Florida, state, United States Florida (flôr`ĭdə, flŏr`–), state in the extreme SE United States. A long, low peninsula between the Atlantic Ocean (E) and the Gulf of Mexico (W), Florida is bordered by Georgia and , Texas and Arizona Arizona (âr'əzō`nə), state in the southwestern United States. It is bordered by Utah (N), New Mexico (E), Mexico (S), and, across the Colorado R., Nevada and California (W). . The job cuts will be in the company's mortgage-production divisions, which include loan officers and underwriters. |
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